Credit Suisse Starts YPF S.A. (YPF) at Outperform

Credit Suisse initiates coverage on YPF S.A. (NYSE: YPF) with a Outperform rating and a price target of $27.00.

Analyst Andre Natal comments "In our effort to value YPF, we resorted to seven different metrics as sanity checks. All of them pointed to significant upside potential (from 20%+ to 150%+). Our $27.00/sh TP is based on an EV/EBITDA methodology and implies a potential upside of c.37% relative to current prices adjusted by one cost of equity. A wide range of values can be justified, but we believe upside risks to current prices are now more likely than the events that could trigger significant downside."

For an analyst ratings summary and ratings history on YPF S.A. click here. For more ratings news on YPF S.A. click here.

Shares of YPF S.A. closed at $17.19 Friday.

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